Associate, Agency & IUTA Administration & Compensation

At Principal, we invest in what matters. And building talented teams is where it all begins. We’re drawn to people who bring unique perspectives, passion, and expertise to help us advance the financial security and well-being of our customers, transform our growing business, and drive positive change in the communities where we live and work.

We are looking for an Associate, Agency & IUTA Administration & Compensation in Malaysia who will manage the execution of operational matters supporting our Agency & IUTA businesses.

What You'll Do

• Maintenance of agency contract in structured and systematic manner.
• Processing of appointment letter, stamping of agency agreement and open agent personal file timely and accurately.
• Handling of agency enquiries and complaints.
• Compile, reconcile, update, and file the Statutory Declaration renewal form timely and accurately.
• Publish and administer agency circulars on daily basis.
• Data entry for new, re-sit and re-registration FiMM application.
• Registration and processing of FiMM Examination for retail consultants.
• Update of FiMM exam seat availability, and preparation of candidates and results listing.
• Accuracy of commission processing including commission adjustments for corporate agency.
• Ensure that monthly agency contest results are verified, and progress reports are published on time.
• Prepare aging report on outstanding payment (active and inactive agents) and issuance of collection letter to follow up on the outstanding payment and raise request for write off payment on inactive agents.
• Update monthly report(s) and other ad-hoc reporting as required.
• Ensure proper documentation and filling of agency registration documents.
• Conduct periodical Compliance matrix self-testing within the given timeline.
• All other matters which may be assigned from time to time regarding the handling of department’s projects and agency force.

Who You Are

Who We Are

Principal Financial Group is a Fortune 500 global leader in financial services focused on insurance, retirement, and asset management. We have 18,000 employees and 51 million customers around the world with over $714B in assets under management.

Seniority level

Associate

Employment type

Full-time

Job function

Administrative and Other

Industries : Financial Services, Investment Management, and Investment Banking

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